1. Liability Insurance:
This type of insurance protects you and your business from potential claims made by third parties, such as customers or clients.
2. Property Insurance:
This covers the physical assets owned by the business, such as equipment, inventory, and buildings. It can also protect against theft, vandalism, fire damage, and other losses.
3. Business Interruption Insurance:
This helps to cover lost income in case operations are disrupted due to a covered event.
4. Professional Indemnity Insurance:
This protects businesses from any negligence or errors that may be made during their professional duties.
5. Cyber Liability Insurance:
This is becoming increasingly important for businesses that operate online or store sensitive data. Cyber liability insurance covers the costs associated with security breaches, data loss, and financial fraud.
6. Vehicle Insurance:
This covers vehicles used by the business if they are damaged in an accident or stolen.
7. Business Travel Insurance:
This covers any medical expenses and other costs incurred when employees travel for work-related purposes.
8. Employers' Liability Insurance:
This is a legal requirement for most businesses that have employees on their payroll and helps to cover compensation claims made by staff members due to injury or illness at work.
9. Workers' Compensation Insurance:
This provides coverage for accidents and injuries suffered by employees while working for your business.
10. Product Liability Insurance:
If your business manufactures products, this type of insurance can help cover any claims made against the company due to faulty or dangerous products.
11. Directors and Officers Insurance:
This insures the directors and officers of your business against liabilities that may arise from their managerial decisions.
12. Key Person Insurance:
This protects your business if a key member of staff is unable to continue working due to injury or illness.